Tissue trader’s trouble
PA Dunedin Plypac Industries, Ltd, which took advantage of easier import regulations to challenge the Caxton Printing Works, which had a near monopoly of toilet tissue, has been placed in receivership. Mr Martin Wilson, who has taken charge of affairs with Mr Lindsay McLachlan, of Peak Marwick, said the company was continuing to trade and the staff of
seven had been retained. Mr Wilson said it was too early to tell whether the company could trade its way out of trouble. “But we always treat these things as a matter of urgency," he said. “I gather that the product is a good one. It took longer to get established than expected.”
The debenture holder who called in the receivers is a Western Australian cabinet maker.
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Press, 20 February 1988, Page 10
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128Tissue trader’s trouble Press, 20 February 1988, Page 10
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